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Unformatted text preview: Supply Chain Management Study Guide MODULE 01 Define Supply Chain Management. What are the keys to successful SCM? • Efficient integration of suppliers, transporters, manufacturers, warehouses, retailers and all other parties associated with delivery of the final product. • Goals - Increase revenue, Lower Cost, Maximize Value, Increase Productivity, Quality, Speed, Flexibility, Eliminate waste, Minimize inventory Operations Management, Logistics, and Procurement? Can you provide examples of the responsibilities of each? • Procurement- The process of obtaining services, supplies, and equipment in conformance with corporate regulations. Examples of duties: Supplier selection, Purchasing negotiations, Supplier relationship management, Materials/Inventory management. • Operations Management- Design, Operation, and Improvement of PRODUCTION SYSTEMS that Efficiently transform INPUTS into Finished Goods and Services, Maximizing Productivity. Examples of duties: Process management, Plant management, Capacity planning – resources, speed, Scheduling jobs/people, Waiting line management, Process improvement projects • Logistics- is the COORDINATED Planning and Execution of the following. Product Distribution throughout the Supply Chain – Who gets what? When? How? Preparation of Packaged Product, Movement Itinerary (Transport), Storage Itinerary (Warehousing) Examples of duties: Distribution/Warehousing, Infrastructure Mgmt, Packaging, containerization, transportation, documentation, Third party management and communication. Beyond the traditional supply chain areas, who does supply chain need to work with? What does slide 18 demonstrate? • The process chart from supplier to customer. What is reverse logistics? • Reverse logistics is the process of planning, implementing, and controlling the efficient, cost effective flow of raw materials, in-process inventory, finished goods and related information from the point of consumption to the point of origin for the purpose of recapturing value or proper disposal. Examples : Remanufacturing and refurbishing , and the sale of surplus. What are the challenges associated with growth? • In this capitalistic market whenever a company comes up with a new idea, and moves forward, the market quickly catches up to them. Growth requires financial backing. A Supply chain system that works on a small scale might be harder to replicate on a large scale. Corporations – Goals and Terminology – Slides 04-13, 20-21 What are the primary goals of a business? How can they be achieved? • Primary Goals- Sustainable Long-term Profits AND Maximize Return on Investment • How this is achieved- • Increase Revenue: Provide customer VALUE • Control Costs: Increase PRODUCTIVITY, Eliminate Waste • Develop Core Competencies: Primary Skill or Knowledge, Intangible. Difficult to learn, copy, acquire. (Intangible!) What is importance of each corporate stakeholder? What is their relationship to SCM?...
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- Spring '10
- Supply Chain Management